At the last check on Thursday, Orion Office REIT Inc.’s (NYSE:ONL) stock was down -$0.08, moving down -1.37 percent to $5.39. The average number of shares traded per day over the past five days has been 3,977,594 shares. 2 times new highs have been achieved over the past 5 days, with a -$0.15 fall in that time frame. In the last twenty days, the average volume was 1,811,389, while in the previous 50 days, it was 930,835.
Since last month, ONL stock retreated -6.98%. Shares of the company fell to $5.11 on 09/05/23, the lowest level in the past month. A 52-week high of $9.94 was reached on 02/03/23 after having rallying from a 52-week low of $5.11. Since the beginning of this year, ONL’s stock price has dropped by -36.83% or -$3.14, and marked a new high 10 times. However, the stock has declined by -45.75% since its 52-week high.
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ONL stock investors should be aware that Orion Office REIT Inc. (ONL) stock had its last reported insider trading activity 132 days ago on May 12. Day Christopher Haviland purchased of 2,000 shares for $5.57 on May 12. It resulted in a $11,138 investment by the insider.
Valuation Metrics
The stock’s beta is 0.93. Besides these, the trailing price-to-sales (P/S) ratio of 1.53, the price-to-book (PB) ratio of 0.33, and the price-to-cash flow ratio of 3.40 may also be considered.
The latest dividend of $0.10 per share was paid out, remained unchanged from last year’s $0.10.
Financial Health
According to company report, the long-term debt-to-equity ratio for the quarter ending December 30 was 0.56, and the total debt-to-equity ratio was 0.56. On the profitability front, the trailing twelve-month gross margin is 69.60% percent. In the year ended December 30, operating margins totaled -33.90%. Based on annual data, ONL earned -$68.67 million in gross profit and brought in $208.12 million in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was -4.70%. Return on equity (ROE) for the past 12 months was -10.00%.
In Orion Office REIT Inc.’s quarter-end financial report for December 30, it reported total debt of $352.51 million. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. While analysts expected Orion Office REIT Inc. to report -$0.16 quarterly earnings, the actual figure was -$0.33 per share, beating the consensus estimate by -106.20%. During the quarter, the company generated $21.06 million in EBITDA. The value of shareholders’ equity is $56.7 million.
Technical Picture
This quick technical analysis looks at Orion Office REIT Inc.’s (ONL) price momentum. With a historical volatility rate of 16.25%, the RSI 9-day stood at 34.08% on 20 September.
With respect to its five-day moving average, the current Orion Office REIT Inc. price is down by -2.70% percent or -$0.15. At present, ONL shares trade -6.57% below its 20-day simple moving average and -12.05% percent below its 100-day simple moving average. However, the stock is currently trading approximately -20.94% below its SMA50 and -43.28% below its SMA200.
Stochastic coefficient K was 38.36% and Stochastic coefficient D was 37.97%, while ATR was 0.19. Given the Stochastic reading of 34.46% for the 14-day period, the RSI (14) reading has been calculated as 34.48%. As of today, the MACD Oscillator reading stands at -0.03, while the 14-day reading stands at -0.05.
Analyst Ratings
JMP Securities launched its rating on Orion Office REIT Inc. (NYSE: ONL) to a Mkt perform in a note to investors on October 19, 2022. Orion Office REIT Inc. (ONL) has been rated Hold by analysts. According to 0 brokerage firms, ONL is a sell, and 1 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Orion Office REIT Inc. stock as buy, with 0 recommending it as overweight.
With a median target price of $8.00, the current consensus forecast for the stock is $8.00 – $8.00. Based on these forecasts, analysts predict Orion Office REIT Inc. (ONL) will achieve an average price target of $8.00.
